New business innovation

Viet Tri city of Phu Tho province (Photo: phutho.gov.vn) Phu Tho (VNA) – Phu Tho province’s efforts to improve its business and investment environment have paid off evidenced by the fact that the northern midland locality has attracted many important projects which are expected to help open up more socio-economic development opportunities. Phan Trong Tan, Vice Chairman of the provincial People's Committee, said to promote socio-economic development , the Party Delegation to the provincial People's Committee proposed 19 key projects for 2022, of which 15 are transited and four are new; and at the same time set out specific tasks and solutions for each project in the coming time to ensure their progress. To that end, right from the beginning of this year, the committee started directing departments and localities to work out specific plans, consider and fulfil procedures related to investment, land and construction. Developed transport infrastructure in Viet Tri … [Read more...] about Phu Tho’s efforts to better business, investment climate pay off

E-commerce is increasingly attracting consumer participation. — Photo thoibaotaichinhvietnam.vn Foreign-invested e-commerce floors doing business in Viet Nam must supplement their business licenses before January 1 next year if they have not provided enough according to regulations. The update is done online through portal online.gov.vn. The Viet Nam E-commerce and Digital Economy Agency has just announced the addition of business licenses for foreign-invested economic organisations operating in the field of e-commerce. Decree 85 issued last year, which amends and supplements a number of articles of the Government's Decree 52 (2013) on e-commerce, has specific provisions on supplementing business licenses for foreign investors, and economic organisations with foreign investment capital. Decree 85 adds many new regulations in the field of e-commerce. Specifically, foreign traders and organisations that have websites providing e-commerce services in Viet Nam must register … [Read more...] about Foreign e-commerce floors must supplement business licenses before January 1

Illustrative photo (Source: VNA) Hung Yen (VNA) – The Management Board of Industrial Parks in the northern province of Hung Yen has so far this year recorded about 322.9 million USD worth of new capital and that added to existing projects. There were a total of 15 new projects and 23 existing ones with added capital. In July alone, the figures were four and two, respectively, with their total value topping 49.6 million USD. The board said it has regularly supported investors in running their projects and business operations. To date, Hung Yen’s industrial parks house 434 operating projects, including 246 foreign-funded ones. Businesses in these parks are hiring some 76,000 employees. Illustrative photo (Source: baohungyen.vn) The province boasts a favourable location and transport conditions as it borders the capital city of Hanoi and is close to Noi Bai airport./. VNA … [Read more...] about Hung Yen’s industrial parks attract nearly 323 million USD

A corner of Phu Quoc (Photo: VNA) Hanoi (VNA) – Attracting large capital for urban development is essential for Phu Quoc city, which houses Phu Quoc island – Vietnam's largest off the southern province of Kien Giang, serving its diverse and sustainable growth after years of investing in the entertainment-resort tourism industry. A survey by the Vietnam Institute of Real Estate Studies ( VIRES ) showed that, in the past 3-5 years, over 90% of investors participated in the market’s tourism-resort realty segment. However, at the moment, the focus of investment has shifted to urban projects boasting transparent legality, with over 60% of investors interested in this segment. The vast majority of them chose long-term investment, expecting that the projects’ prices will increase many times in the coming years. Vice president of VIRES Pham Nguyen Toan noted Phu Quoc is gradually transforming itself into a profitable investment and settlement destination. He also singled out … [Read more...] about Phu Quoc welcomes increasing investment in urban development

Cooperation between Hanoi and Vientiane remains an example of the long-standing and special relations Vietnam-Laos. Hanoi and Vientiane have been taking steps to bolster economic ties during the Vietnam-Laos 2022 Solidarity and Friendship Year. Overview of the “Hanoi-Vientiane Cooperation for Development” investment, trade, and tourism conference. Photo: The Hanoi Times At the investment, trade, and tourism conference titled “Hanoi-Vientiane Cooperation for Development” on August 10, Vice Chairman of the Hanoi People’s Committee Nguyen Manh Quyen noted the cooperation between Hanoi and Laos’ provinces in general, and with Vientiane in particular, have been progressing in all spheres, including priority fields of economy, healthcare, education, agriculture, military, and people-to-people exchange. Echoing Quyen’s view, Vice Director of the Hanoi’s Department of Planning and Investment Nguyen Ngoc Tu added since 2004, Hanoi has been funding several projects to … [Read more...] about Hanoi – Vientiane bolster economic ties

Asia's leading HR magazine - HR Asia - recently announced the list of "The Best Places to Work in Asia 2022" based on the overall and complete evaluation criteria of employee satisfaction through the T.E.A.M model. The evaluation contents include three groups of indicators: corporate culture (Core), level of cohesion (Self) and team spirit (Group). Thanks to the outstanding HR strategy with Talented Values ​​(Employee Value Proposition, “EVP”) built and maintained over the past 10 years, AEON Vietnam was honored to receive the award “Best Places to Work in Asia 2022” for the fourth time. For four consecutive years, the evaluation results of AEON Vietnam have always scored higher than the industry average in all three groups of survey criteria. Representatives of AEON Vietnam receive the award "Best Workplace in Asia 2022" These achievements were achieved thanks to AEON Vietnam's values ​​of attracting talent (EVP) through a comprehensive human resource … [Read more...] about AEON Vietnam honored as best workplace in Asia

Illustrative image (Source: VNA) Hanoi (VNA) – Vietnam Airlines Group , which manages Vietnam Airlines, Pacific Airlines and VASCO, has opened ticket sales for Lunar New Year (Tet) Holiday in the period from January 6 to February 5, 2023. Tickets have been available on Vietnam Airlines’ website, mobile app and official ticket offices and agents nationwide from August 15. Along with domestic flights, the carrier will increase flights connecting Vietnam and Asian countries such as Singapore, Thailand, Laos, Cambodia, the Republic of Korea, and those between Vietnam and Australia. It plans to double its international flight number in the period amid the loosening migration regulations in many countries and territories. On the occasion, Vietnam Airlines offers special ticket fare from 1.86 million VND (79.48 USD) per leg, including taxes and fees, for business class; and 785,000 VND per leg, including taxes and fees, for economy class. The promotion is applicable … [Read more...] about Vietnam Airlines opens ticket sales for upcoming Tet Holiday

Double digit export growth According to the Hanoi People’s Committee, the export turnover of goods in June 2022 reached about US$1.517 billion, up 6.8 percent from May 2022 and 17.5 percent from June 2021. In the first half of this year, the commodity exports turnover reached US$8.3 billion, up 17.1 percent over the first half of 2021. Some key items with increased export turnover in this period included textile and garment, reaching US$1.22 billion, up 29.6 percent; computer components and peripherals, US$1.072 billion, up 20.2 percent. The total import turnover of goods hit US$3.675 billion in June and US$20.5 billion in the first six months of 2022, the latter of which is 24.5 percent higher than the same period in 2021. Among the items of highest value were machinery, equipment and spare parts reaching US$2.996 billion, down 5.6 percent; petroleum US$2.934 billion, 2.8 times higher than the same period in 2021; computers, electronic goods and components at US$1.535 … [Read more...] about Hanoi helps firms implement trade deals

T&Y SuperPort Vinh Phuc SC (T&Y) – a joint venture between YCH Group and Vietnamese conglomerate T&T Group – inked two MoUs with VNA and VNR on August 12 to embark on the first multimodal connectivity partnerships for the first-of-its-kind smart logistics infrastructure project in Asia – Vietnam SuperPort – that is slated for completion by 2025. Vietnam SuperPort is the first multimodal infrastructure project invested in by a Singaporean firm in Vietnam. The project is expected to strengthen logistics and supply chain connectivity in the ASEAN region with the adoption of technologies and innovative solutions and driven by the strong economic ties made possible by the close partnership between Vietnam and Singapore and the strong business connections between the two nations. Executive chairman of YCH Group Robert Yap said, “The MoUs with VNA and VNR are an important milestone for Vietnam SuperPort. For a smart logistics infrastructure project of this stature, … [Read more...] about Vietnamese and Singaporean firms partner to improve supply chain connectivity

Nguyen Ba Vinh, director of Minh Vi Exhibition and Advertisement Services Co., Ltd, introduces China Homelife Vietnam 2022 at a press briefing in HCM City last Friday. — VNS Photo China Homelife, a specialised trade show for Chinese products, will be held for the first time in Viet Nam at the Saigon Exhibition and Convention Centre from August 29 to 31. Nguyen Ba Vinh, director of Minh Vi Exhibition and Advertisement Services Co, Ltd (VEAS), said China Homelife Vietnam 2022 has attracted the participation of more than 160 leading Chinese manufacturers and suppliers in over 200 booths, displaying products in four main categories: household appliances, consumer electronics, textiles and garments, and building materials-interior. Vinh said currently China is implementing a ‘zero COVID policy’, so the exhibition will be held in a hybrid format. Chinese exhibitors will still showcase their latest products onsite for customers to experience and feel the new trends, and at the same … [Read more...] about China Homelife exhibition to open in Viet Nam for the first time